Endomines signs sales agreement for gold concentrate with Boliden

Endomines  AB is pleased to announce that  its wholly owned subsidiary Endomines
Oy  has signed  an agreement  to sell  its flotation gold concentrate production
from  the Pampalo Gold Mine to Boliden Commercial AB. Endomines will deliver its
estimated  annual flotation concentrate production  of 3 900 tonnes to Boliden's
Harjavalta smelter in Finland.

The  volume of  deliveries and  estimated concentrate  grade allow up to 100% of
gold production to be delivered to Boliden. The agreement is signed for a period
of  two years, with the  option of extending for  a further two years subject to
agreement.

"I'm  very pleased  that as  a producer  coming on-stream,  we have succeeded in
concluding  this  off-take  agreement.  The  agreement implicates trust from the
customer  side that Endomines will  be able to fulfill  its commitments. It also
allows  Endomines to be flexible with balancing between higher value gravimetric
gold  concentrate and  flotation concentrate  production volumes.  I'm also very
pleased  to report  that despite  the exceptionally  severe winter, construction
works  are ahead of schedule and in accordance with our budget", comments Markus
Ekberg, CEO of Endomines.


For further information, please contact:
Markus Ekberg, CEO of Endomines AB, tel. +358-40-706 48 50



During  2009,  Endomines  has  completed  several  important  steps  to  develop
 the   business  from exploration to  full-scale   gold  production.  By the end
of  2010, the company will commence production at  the Pampalo Gold Mine, with a
projected  output of  900-1 000 kg of  gold per  annum. Further  deposits  along
 the   Karelian  Gold  Line   will  be  exploited   subsequently.  Endomines has
additional   claims   and   mining   concessions  in  Finnish  Lappland  (gold),
Ostrobothnia (ilmenite) and Southern Finland (limestone/wollastonite).

Endomines   applies  SveMin's   &  FinnMin's   respective  rules  for  reporting
 (public   mining   &  exploration  companies).  Endomines has chosen to  report
mineral   resources  and  ore  reserves according to  JORC-  or NI  43-101-code,
which    are   internationally   accepted.     Endomines  applies  International
Financial Reporting Standards (IFRS), as approved by the European Union.

The  shares  of  Endomines  AB  are  quoted  on  First  North Premier segment in
Stockholm  under ticker  ENDO.ST. Erik  Penser Bankaktiebolag  acts as Certified
Adviser and Liquidity Provider.

Read more about Endomines onwww.endomines.com <http://www.endomines.com/>



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